Arrowstreet Capital Limited Partnership Has $3.25 Million Holdings in North American Construction Group Ltd. (NYSE:NOA)

Arrowstreet Capital Limited Partnership lifted its position in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 562.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,707 shares of the oil and gas company's stock after acquiring an additional 127,971 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.54% of North American Construction Group worth $3,245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alberta Investment Management Corp grew its holdings in shares of North American Construction Group by 7.2% in the 4th quarter. Alberta Investment Management Corp now owns 1,057,254 shares of the oil and gas company's stock valued at $22,774,000 after buying an additional 71,454 shares during the period. Barclays PLC raised its holdings in North American Construction Group by 48.1% during the 3rd quarter. Barclays PLC now owns 20,867 shares of the oil and gas company's stock worth $390,000 after buying an additional 6,774 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of North American Construction Group by 31.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,153 shares of the oil and gas company's stock valued at $9,194,000 after buying an additional 101,400 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of North American Construction Group during the fourth quarter worth $269,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of North American Construction Group during the fourth quarter worth $8,134,000. Institutional investors own 74.99% of the company's stock.

North American Construction Group Stock Up 1.0 %

Shares of NYSE NOA traded up $0.15 during midday trading on Monday, reaching $14.47. The company's stock had a trading volume of 3,362 shares, compared to its average volume of 68,106. The stock has a 50 day simple moving average of $16.81 and a 200-day simple moving average of $18.77. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $444.20 million, a price-to-earnings ratio of 9.97 and a beta of 1.16. North American Construction Group Ltd. has a fifty-two week low of $13.19 and a fifty-two week high of $22.16.

North American Construction Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Thursday, March 13th were paid a $0.084 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.34 annualized dividend and a dividend yield of 2.32%. North American Construction Group's dividend payout ratio is presently 28.70%.

Wall Street Analyst Weigh In

Separately, Raymond James raised North American Construction Group from a "moderate buy" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments.